Fintech startup Shubh Loans gets NBFC license from RBI

Tanmay Tiwary

Bengaluru-based Datasigns Technologies, which operates lending platform Shubh Loans, has received a non-banking financial company ....

10 October, 2019

RBI asks large digital wallets to appoint internal ombudsman

Payal Ganguly

Large non-bank digital wallets like Paytm and PhonePe will be required to appoint an internal ombudsman for addressing customer ....

4 October, 2019
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RBI asks P2P lenders to furnish data on loans denied due to lending cap

Payal Ganguly

The Reserve Bank of India (RBI) has written to the industry body of peer-to-peer (P2P) lending companies seeking details on how ....

24 September, 2019

Policy Wrap: Ban on e-cigarettes, RBI’s plan to regulate payment intermediaries top moves

Payal Ganguly

The union cabinet has approved an ordinance banning all electronic cigarettes including electronic nicotine delivery system (ENDS), ....

20 September, 2019

RBI norms for payment intermediaries may affect Amazon Pay, Ola Money

Payal Ganguly

Ecommerce players like Flipkart and Amazon and ride-hailing platform Ola may soon have to comply with guidelines set down by the ....

18 September, 2019

Paytm may buy stake in Yes Bank; Govt considering linking social media accounts to Aadhaar

Team TC

One97 Communications, which runs digital payments platform Paytm, is in talks to pick up stake in Yes Bank. NITI Aayog ropes in ....

10 September, 2019
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Panel recommends regulating fintech startups; RBI extends KYC deadline for wallet companies

Payal Ganguly

A legal framework for consumer protection and regulating fintech companies and digital services were among the many recommendations ....

3 September, 2019

P2P platforms write to RBI for relaxation of norms

Payal Ganguly

The Association of NBFC P2P Platforms, an industry body of peer-to-peer (P2P) lending companies, has written to the Reserve Bank ....

20 August, 2019

RBI releases guidelines for testing fintech innovations

Payal Ganguly

The Reserve Bank of India (RBI) has finalised guidelines for the regulatory sandbox to test innovative financial products and ....

14 August, 2019

RBI to set up central fraud registry for digital payments

Payal Ganguly

Digital payments service providers will now have to report payment frauds to a Central Payment Fraud Registry to be set up by ....

8 August, 2019
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SC gives WhatsApp, RBI 6 weeks to file compliance reports for payment services

Payal Ganguly

The Supreme Court has given six weeks to WhatsApp and Reserve Bank of India (RBI) to submit responses over the data localisation ....

5 August, 2019

Cars24 unit gets NBFC licence, to foray into consumer lending

Om Athavale

Cars24 Financial Services, a unit of the automobile buying and selling platform Cars24, has secured a licence for operating as ....

25 July, 2019

WhatsApp to launch payments operations in India this year

Payal Ganguly

Facebook-owned messaging app WhatsApp will launch its unified payments interface (UPI)-backed payments product, WhatsApp Pay, ....

25 July, 2019

WhatsApp global chief to push for payment products during India visit

Payal Ganguly

Will Cathcart, global chief of social messaging platform WhatsApp, will push for the launch of WhatsApp Pay during his meeting ....

23 July, 2019

Govt panel recommends ban on cryptocurrencies, promotes issuance of digital rupee

Payal Ganguly

A government committee has recommended a law banning cryptocurrencies in India, which will criminalise any activity related to ....

23 July, 2019

Cryptocurrency exchange Cryptokart shuts operations

Tanmay Tiwary

Cryptocurrency exchange firm Cryptokart is shutting down operations. “We've decided to shut down Cryptokart,” ....

19 July, 2019

Fintech startup CredAble’s subsidiary gets NBFC licence

Shweta Sharma

Mumbai-based financial services company CredAble’s wholly-owned subsidiary, Equentia Financial Service Private Limited, ....

18 July, 2019

Payments Council says zero MDR will be bad for fintechs

Payal Ganguly

The Payments Council of India (PCI), an industry body representing over 100 payments and settlement systems, has said that the ....

9 July, 2019

Delhi HC seeks comments from Reserve Bank, ED on PIL against PayPal

Payal Ganguly

The Delhi High Court has issued notices to the Reserve Bank of India (RBI), the Enforcement Directorate (ED) and Paypal Payments ....

4 July, 2019

Govt to meet food-tech firms, restaurants; former UST Global chief exec to float fund: Reports

Payal Ganguly

After complaints from restaurant associations, the Department for Promotion of Industry and Internal Trade (DPIIT) is scheduled ....

4 July, 2019

Policy Wrap: SEBI norms for startups to issue DVRs; RBI clarifies data storage rules

Payal Ganguly

This week, the capital market regulator allowed initial public offerings (IPOs) for tech firms that have issued shares with superior ....

28 June, 2019